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Report Date : |
24.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
OY NIZHEX
SCANDINAVIA LTD |
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|
|
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Registered Office : |
Wavulinintie 10,
HELSINKI 00210 |
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|
|
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Country : |
Finland |
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|
|
|
Financials (as on) : |
2011 |
|
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Date of Incorporation : |
02.08.1984 |
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|
|
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Com. Reg. No.: |
05868263 |
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|
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Legal Form : |
Limited Company |
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|
|
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Line of Business : |
Agents involved in the sale of fuels, ores, metals and industrial chemicals |
|
|
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|
No. of Employees : |
11 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
Payment Behaviour : |
Regular |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Finland |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
FINLAND - ECONOMIC OVERVIEW
Finland has a highly industrialized, largely free-market
economy with per capita output almost as high as that of Austria, Belgium, the
Netherlands, and Sweden. Trade is important with exports accounting for over
one third of GDP in recent years. Finland is strongly competitive in
manufacturing - principally the wood, metals, engineering, telecommunications,
and electronics industries. Finland excels in high-tech exports such as mobile
phones. Except for timber and several minerals, Finland depends on imports of
raw materials, energy, and some components for manufactured goods. Because of
the climate, agricultural development is limited to maintaining
self-sufficiency in basic products. Forestry, an important export earner,
provides a secondary occupation for the rural population. Finland had been one
of the best performing economies within the EU in recent years and its banks
and financial markets avoided the worst of global financial crisis. However,
the world slowdown hit exports and domestic demand hard in 2009, with Finland
experiencing one of the deepest contractions in the euro zone. A recovery of
exports, domestic trade, and household consumption stimulated economic growth
in 2010-11. The recession affected general government finances and the debt
ratio, turning previously strong budget surpluses into deficits, but Finland
has taken action to ensure it will meet EU deficit targets by 2013 and retains
its triple-A credit rating. Finland's main challenge in 2013 will be to
stimulate growth in the face of weak demand in EU export markets and government
austerity measures meant to reduce its budget deficit. Longer-term, Finland
must address a rapidly aging population and decreasing productivity that
threaten competitiveness, fiscal sustainability, and economic growth.
Source
: CIA
OY NIZHEX
SCANDINAVIA LTD
Company Name Oy Nizhex
Scandinavia Ltd
Company
Registration Number 05868263
Country FI
Number FI00778411
Activity Code 46120
Activity
Description Agents involved in
the sale of fuels, ores, metals and industrial chemicals
Company Status Active
Latest Turnover 158,451,000.00
(EUR)
Activities
Activity Code 46120
Activity
Description Agents involved in
the sale of fuels, ores, metals and industrial chemicals
Previous Names
Previous Name Oy Finnco Chemicals Ltd
Basic Information
Company Name Nizhex Scandinavia
Ltd Oy
Registered Company
Name Oy Nizhex
Scandinavia Ltd
Company
Registration Number 05868263
Country FI
VAT Registration
Number 05868263
VAT Registration
Date 01/06/1994
Date of Company
Registration 02/08/1984
Date of Starting
Operations 02/08/1984
Commercial Court
Legal Form Limited company
Company Status Active
Principal Activity
Code 46120
Principal Activity
Description Agents involved in
the sale of fuels, ores, metals and industrial chemicals
Contact Telephone
Number 096824700
Main Address
Address Address unknown
Country FI
Telephone 096824700
Other Addresses
Address Wavulinintie 10,
HELSINKI 00210
Web Addresses www.nizhex.fi
Name Rönn Nils Ivar
Date of Birth 18/09/2044
Position Actual Member of Board
Date Appointed 24/08/2009
Name Yakhin Ilfar
Date of Birth 18/01/1963
Position Actual Member of Board
Date Appointed 24/08/2009
Name Boussyguine Vladimir
Date of Birth 14/11/2049
Position Chairman of Board
Date Appointed 24/08/2009
Name Magzhanov Avubaker
Date of Birth 29/09/2047
Position Actual Member of Board
Date Appointed 24/08/2009
Name Teplyakov Sergey
Date of Birth 28/05/1954
Position Managing director
Date Appointed 21/12/1999
Name Ahola Juhani Ilmari
Date of Birth 05/02/2043
Position Actual Member of Board
Date Appointed 24/08/2009
Name Bounevski Raoul
Date of Birth 1 9/10/2035
Position Actual Member of Board
Date Appointed 24/08/2009
Share Capital
Structure
Issued Share
capital 84,160.00 (EUR)
Extended Group Structure
Company Name Registration
Number Status Last Financials
1 Oy Eslavit
International Group Ltd 10524430 Active
Employee
Information
Year 2011
Number of
Employees 11
Year 2010
Number of
Employees 11
Year 2009
Number of Employees
12
Year 2008
Number of
Employees 12
PROFIT & LOSS
Financial Year 2011 2010 2009
Number of Weeks 52 52 52
Currency EUR EUR EUR
Revenue 158,451,000.00 100,888,000.00 94,946,000.00
Profit After Tax 2,706,000.00 1,993,000.00 4,129,000.00
BALANCE SHEET
Financial Year 2011 2010 2009
Number of Weeks 52 52 52
Currency EUR EUR EUR
Total Assets 34,879,000.00 29,819,000.00 23,565,000.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.69 |
|
|
1 |
Rs.100.79 |
|
Euro |
1 |
Rs.86.30 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.